XRP vs SEC Showdown Escalates as Case Advances Without Judge Torres’ Intervention

The legal battle between XRP and the SEC takes a decisive turn—no more hand-holding from Judge Torres.

Here’s what’s next for Ripple’s favorite cryptocurrency.

Subheader: The Courtroom Endgame

With Judge Torres stepping back, the case barrels toward resolution—no detours, no delays. Legal eagles whisper this could set precedent for crypto’s regulatory Wild West.

Subheader: XRP’s Make-or-Break Moment

Ripple’s fate now hinges on cold, hard arguments. Win, and XRP soars. Lose? Another cautionary tale in the SEC’s trophy case of ‘regulated innovation.’

Closing jab: Meanwhile, Wall Street watches—probably placing bets with your 401(k).

TLDR

• Former SEC lawyer Marc Fagel stated that Judge Analisa Torres will not be involved further in the XRP Vs SEC Lawsuit.
• Judge Torres’ ruling against Ripple will automatically take effect once both parties dismiss their appeals.
• Ripple has not yet officially filed a motion to dismiss its appeal despite public statements from its leadership.
• Fagel confirmed that the SEC has also not submitted a formal filing to withdraw its appeal.
• He clarified that the recent SEC private meeting was routine and unrelated to the XRP Vs SEC Lawsuit.

The XRP Vs SEC Lawsuit has entered a crucial phase, as legal roles and outcomes begin to take final shape. Former SEC attorney Marc Fagel confirmed that Judge Analisa Torres will not participate in any further proceedings. Her prior ruling will become effective once both parties formally dismiss their appeals.

Judge Torres’ Role Ends in the XRP Vs SEC Lawsuit

Judge Torres previously issued a ruling against Ripple, which remains pending due to both parties filing appeals. However, Marc Fagel clarified that once these appeals are dropped, the verdict will take immediate effect. At that point, the district court will have no further involvement.

Fagel emphasized that Judge Torres has no additional authority over the XRP Vs SEC Lawsuit once the appeals conclude. Her decision remains binding and does not require further review or endorsement. This confirms that Ripple and the SEC must now act independently to close the case.

No. The parties can drop their appeals, at which time her order against Ripple takes effect. Judge Torres has no further role in this.

— Marc Fagel (@Marc_Fagel) July 4, 2025

Despite speculation online, Fagel reiterated that the docket does not reflect any formal appeal withdrawal. Although Brad Garlinghouse mentioned a dismissal, Ripple has not submitted a filing. Therefore, Judge Torres continues to wait for the legal process to complete before her ruling takes effect.

Appeal Dismissal and Settlement Process Await Completion

Although public statements suggest a settlement, neither Ripple nor the SEC has submitted a motion to dismiss their respective appeals. Fagel expects both parties to proceed with dismissal soon, triggering Judge Torres’ ruling. He maintains that once this happens, the case will no longer remain active in her courtroom.

The XRP Vs SEC Lawsuit hinges on final procedural steps, which require formal documentation. Until both parties complete the appeal withdrawal process, the ruling will not apply. Still, Fagel expressed confidence that dismissals are imminent and just a matter of time.

The legal framework dictates that once appeals are withdrawn, no additional judicial involvement is required. Therefore, the SEC and Ripple must finalize the process to implement the ruling. All indications point toward a resolution, pending official court actions.

SEC Meeting Unrelated to XRP Vs SEC Lawsuit

The SEC held a private meeting recently, prompting speculation regarding its connection to the XRP Vs SEC Lawsuit. However, Fagel clarified that the meeting was scheduled well in advance and followed routine procedure. He dismissed the possibility that the Ripple case was discussed during that session.

He further explained that SEC meeting agendas require several weeks of planning before formal votes occur. Thus, recent developments were unlikely to be discussed in this meeting. Any action relating to Ripple WOULD appear on a separate, dedicated agenda.

Although a prior dismissal vote occurred, Fagel noted that SEC procedures typically MOVE slowly. He acknowledged a potential for expedited review but advised that timing remains uncertain. As of now, no SEC filing suggests a conclusive step regarding the XRP Vs SEC Lawsuit.